Avior Wealth Management LLC Increases Stake in Hercules Capital, Inc. (NYSE:HTGC)

Avior Wealth Management LLC boosted its stake in shares of Hercules Capital, Inc. (NYSE:HTGC) by 177.2% in the 4th quarter, Holdings Channel reports. The fund owned 1,802 shares of the financial services provider’s stock after buying an additional 1,152 shares during the period. Avior Wealth Management LLC’s holdings in Hercules Capital were worth $36,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Tectonic Advisors LLC raised its position in Hercules Capital by 17.0% during the third quarter. Tectonic Advisors LLC now owns 433,032 shares of the financial services provider’s stock valued at $8,505,000 after acquiring an additional 62,826 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of Hercules Capital by 77.0% in the second quarter. Mackenzie Financial Corp now owns 31,632 shares of the financial services provider’s stock valued at $647,000 after buying an additional 13,765 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Hercules Capital by 511.2% in the third quarter. BNP Paribas Financial Markets now owns 53,068 shares of the financial services provider’s stock valued at $1,042,000 after buying an additional 44,386 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Hercules Capital by 9.3% in the third quarter. Advisors Asset Management Inc. now owns 406,985 shares of the financial services provider’s stock valued at $7,993,000 after buying an additional 34,718 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Hercules Capital by 28.0% in the third quarter. Franklin Resources Inc. now owns 387,225 shares of the financial services provider’s stock valued at $7,667,000 after buying an additional 84,780 shares in the last quarter. 19.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on HTGC shares. JMP Securities restated a “market outperform” rating and issued a $22.00 price objective on shares of Hercules Capital in a research report on Monday, January 6th. Wells Fargo & Company boosted their price objective on Hercules Capital from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods upgraded Hercules Capital from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $19.50 to $21.50 in a research report on Thursday, December 12th.

Hercules Capital Stock Down 1.4 %

Shares of HTGC opened at $20.73 on Thursday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.61 and a current ratio of 1.61. Hercules Capital, Inc. has a one year low of $16.72 and a one year high of $21.78. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of 10.26 and a beta of 1.35. The stock has a 50 day moving average price of $19.75 and a 200 day moving average price of $19.63.

Hercules Capital (NYSE:HTGC) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.51. The company had revenue of $125.25 million for the quarter, compared to analyst estimates of $125.80 million. Hercules Capital had a return on equity of 17.88% and a net margin of 65.07%. During the same quarter in the previous year, the company posted $0.52 earnings per share. Equities research analysts forecast that Hercules Capital, Inc. will post 2.01 earnings per share for the current fiscal year.

About Hercules Capital

Hercules Capital, Inc is a business development company. The firm specializing in providing venture debt, debt, senior secured loans, and growth capital to privately held venture capital-backed companies at all stages of development from startups to expansion stage including select publicly listed companies and select special opportunity lower middle market companies that require additional capital to fund acquisitions, recapitalizations and refinancing and established-stage companies.